Johnson Financial Group Inc. Purchases 741 Shares of McDonald’s Co. (NYSE:MCD)

Johnson Financial Group Inc. raised its position in McDonald’s Co. (NYSE:MCD) by 9.0% during the 4th quarter, HoldingsChannel reports. The fund owned 8,973 shares of the fast-food giant’s stock after buying an additional 741 shares during the quarter. Johnson Financial Group Inc.’s holdings in McDonald’s were worth $2,661,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of McDonald’s during the 4th quarter worth approximately $2,684,899,000. International Assets Investment Management LLC increased its position in shares of McDonald’s by 10,702.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock worth $644,739,000 after purchasing an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of McDonald’s during the 3rd quarter worth approximately $192,165,000. Barclays PLC increased its position in shares of McDonald’s by 16.7% during the 3rd quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after purchasing an additional 429,000 shares during the last quarter. Finally, Winslow Capital Management LLC increased its position in shares of McDonald’s by 39.6% during the 3rd quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after purchasing an additional 370,699 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.1 %

Shares of MCD traded up $0.13 during midday trading on Friday, hitting $258.06. The company’s stock had a trading volume of 3,381,332 shares, compared to its average volume of 3,300,264. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock has a market capitalization of $185.98 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71. The company’s fifty day simple moving average is $272.79 and its two-hundred day simple moving average is $283.27.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 EPS. On average, research analysts predict that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.59%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,096 shares of company stock worth $1,127,678. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research report on Monday. Citigroup decreased their target price on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Bank of America boosted their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, UBS Group decreased their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $317.74.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.